Canadian Solar (CSIQ) Unit Enters $95M Syndicated Loan Facility
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Canadian Solar Secures JPY9.6 Billion Syndicated Loan with Sumitomo Mitsui Banking Corporation
October 13, 2016 7:00 AM EDTGUELPH, Ontario, Oct. 13, 2016 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that its wholly-owned subsidiary Canadian Solar Projects K.K. has entered into a syndicated 3- year loan facility for JPY9.6 billion (US$95 million). Â Sumitomo Mitsui Banking Corporation ("SMBC") acted as the lead arranger.
The loan facility syndication was well received by the Japan banking community with participation of 13 financial institutions. Â The loan proceeds will be used to finance solar project development in Japan and general... More
